Streetbeat News

Acquisitions Mergers

BABA

Alibaba has disclosed a 10.5 million share stake in Zhihu, as revealed in a recent filing.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 8:23 pm

LPSN

LivePerson, Inc. (NASDAQ:LPSN) has entered into an agreement with its largest notes investor, Lynrock Lake Master Fund LP, to exchange approximately $146 million of its 2026 Convertible Senior Notes for $100 million of 2029 Convertible Senior Secured Notes. Additionally, Lynrock commits to providing $100 million of new capital in the form of these new notes, with $50 million available immediately and another $50 million within six months upon request. This move aims to further deleverage LivePerson.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 8:23 pm

INTC

QCOM

SMH

SOXL

SOXX

China's commitment of $142B to semiconductor sovereignty highlights a global race in chip industry dominance, with the U.S. responding through the CHIPS Act, allocating billions in subsidies, loans, and tax breaks to bolster domestic production. U.S. companies like Micron Technology and Intel are set to benefit, while export restrictions target China's access to advanced semiconductor technology. The global effort includes significant investments from Europe, Japan, and India, aiming to secure chip supply chains and reduce dependency on foreign production.

Portfolio Pulse from Natan Ponieman

May 13, 2024 | 8:08 pm

STXS

Stereotaxis, a leader in robotic technologies for the treatment of cardiac arrhythmias, has signed a definitive agreement to acquire Access Point Technologies, a company specializing in electrophysiology and related medical fields. This strategic acquisition aims to enhance Stereotaxis' product offerings and market presence in the electrophysiology sector.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 8:03 pm

VRNT

Verint (NASDAQ:VRNT) secures a $7M, three-year contract with a Fortune 100 insurance company for deploying the Verint Open Platform in a hybrid cloud mode to enhance AI-driven business outcomes. The deal includes the Verint Work Allocation Bot to improve workforce efficiency.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 7:53 pm

WBD

Warner Bros. Discovery (NASDAQ:WBD) has seen a bullish stance from big money investors, with 77% of detected trades being bullish. Options trading indicates a target price range of $7.0 to $10.0. The company, formed from the merger of WarnerMedia and Discovery Communications, operates in studios, networks, and direct-to-consumer segments. Currently, WBD's stock is up by 1.84% at $8.3, with potential overbought signals and an earnings release anticipated in 80 days.

Portfolio Pulse from Benzinga Insights

May 13, 2024 | 7:45 pm

ROKU

Roku has obtained exclusive multi-year rights to stream MLB Sunday Leadoff live games, marking a significant content acquisition for the streaming platform.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 7:35 pm

RPHM

Reneo Pharmaceuticals has entered into a merger agreement with OnKure, causing its shares to trade higher.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 6:56 pm

CVX

HES

HBK Investments, a significant investor in Hess Corporation, has announced its decision to abstain from voting on the proposed merger between Hess and Chevron. This decision could influence the outcome of the merger vote, highlighting investor uncertainty or dissent regarding the deal.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 6:39 pm

ACIU

AKTS

AMPX

CCLD

GME

SRG

U.S. stocks showed mixed performance with the Dow Jones falling and NASDAQ rising. GameStop shares surged due to potential retail investor interest sparked by Roaring Kitty. CareCloud and AC Immune also saw significant gains, while Akoustis Technologies, Seritage Growth Properties, and Amprius Technologies experienced declines. Gold and silver prices fell, while oil and copper prices rose.

Portfolio Pulse from Avi Kapoor

May 13, 2024 | 6:32 pm